NNVC is intriguingly up today on nothing special volume, a reversal of a pattern of drifting lower on low volume. Press releases usually come at the beginning of the week and there is anticipation of news on either HIV studies and/or collaborations with a big Pharmaceutical company.
Here is a Daily chart of NNVC showing a break of the descending channel and a Buy signal basis the MACD:
Below is an Hourly chart of NNVC, Year-to-Date, showing a bounce off of support and targeting 1.80 for the move:
A
5 comments:
believe SCA has earnings monday evening.
Any more thoughts on HYGS or your previous statements still stand? I got in at 2.33
ditto
HYGS is forming a wedge/bull pennant along what appears to be a 50% retracement of the entire bull rally. The Daily MACD is oversold and looks to be close to turning up for a Buy signal. Neither of these patterns guarantees that the next move is up to new highs, but both are suggesting same. A break lower now would negate the bullish set-up, while a break up would confirm it. I am holding long here and will continue to do so unless these bullish patterns are negated.
Wow, SCA got a black eye today. How bad are the bond insurers going to have it, maybe, more importantly how long?
Eric
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